Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

price support

Read a random definition: inchoate offense

A quick definition of price support:

Price support: When the government helps keep the price of something from going too low by giving money to the people who make or sell it. This helps them make a profit and keeps the price from getting too low.

A more thorough explanation:

Price support refers to the act of artificially maintaining prices of a particular commodity at a certain level, usually through government intervention such as subsidies.

For example, the government may provide subsidies to farmers to keep the price of wheat at a certain level. This means that even if the market price of wheat falls below the desired level, the government will step in and buy the excess supply to keep the price stable.

Another example is the price support for milk. The government may set a minimum price for milk to ensure that dairy farmers receive a fair price for their product. If the market price falls below this level, the government may purchase the excess milk to maintain the price.

These examples illustrate how price support can help stabilize prices and protect the income of producers. However, it can also lead to inefficiencies and distortions in the market, as well as increased costs for taxpayers who fund the subsidies.

price-renegotiation clause | price war

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
LSD+ is ad-free, with DMs, discounts, case briefs & more.